Word: wall
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Dates: during 1960-1969
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...They've thrown us a bone every few weeks," said a dejected Air Force sergeant in England last month, "but I can see the writing on the wall. They ain't comin' through." Like thousands of others, the sergeant had ceased to believe in the recurring rumor that the Defense Department would soon lift its ban on Government-paid travel for dependents of servicemen stationed in Europe (TIME, April 13). But last week-after months of angry complaints by separated service families and some sticky questions at presidential press conferences-the Pentagon finally came through...
...market reaction was instinctive: Wall Streeters naturally interpreted the indictment as a vindictive Administration follow-up to the steel-price struggle of a fortnight before. But the Administration denied that there was any connection-and the facts seemed to bear out the denial. At the height of the price fight, Bobby Kennedy's Justice Department did set in motion a grand jury probe of steel pricing, but that investigation is just getting started. The Justice Department investigation that led to last week's indictment started more than a year ago, in March 1961, shortly after the new Administration...
...deadline. Before, he had sounded as if an invasion of New Guinea were imminent, but now he shouted: "Whatever happens, before the sun rises on Jan. 1, 1963, West Irian will be ours. If the Dutch oppose peaceful means, we shall liberate with force." Before Jan. 1, 1963, Sukarno wall have plenty to preoccupy him at home...
...businessmen to question the right of the President to accuse steel companies of being inflationary when they seek price increases. The likeliest sources of inflation in the U.S., argue the President's business critics, are Government spending and the federal budget deficit. Says Walter Maynard, a partner in Wall Street's Shearson, Hammill & Co.: "Mr. Kennedy's moral position would be stronger if he operated his Government at a surplus...
...Wall Street it was a story with all the appeal of Ted Williams' homer his last time at bat. As president of prestigious First Boston Corp., Investment Banker James Coggeshall Jr. one day last week managed the biggest stock sale of the year-the Ford Foundation's offering of 2,250,000 Ford Motor Co. shares. The $218 million deal went so smoothly that Ford stock actually rose a point to 984:. That taken care of, 65-year-old "Jim Cogg" returned to his office, wrote out the letter of resignation that ended his 42-year investment career...